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October 12, 2018
Humanoid ‘rescue robot’ learns parkour

Humanoid ‘rescue robot’ learns parkour

Atlas, the robot developed by tech firm Boston Dynamics, has learned the art of parkour. The humanoid has been taught several skills during its development, including how to run, jump over objects and perform backflips. The latest development shows the robot leap up on to 40cm (15.7in) high blocks without slowing down. The company has …

October 12, 2018
Spotify: Albums are alive and kicking in the streaming age

Spotify: Albums are alive and kicking in the streaming age

Image copyright Getty Images Image caption Drake’s God’s Plan is the top streamed song of 2018, he’s experimented with how his music is released over the last few years In 1948, New York’s Philharmonic Symphony Orchestra put out a recording of Felix Mendelssohn’s Violin Concerto in E minor. You know the one – the release …

October 12, 2018
China car sales slump ripples globally

China car sales slump ripples globally

Image copyright Getty Images Image caption Car sales in China declined in September for the third month in a row Car sales in China fell 11.6% in September to 2.4 million – the third month in a row of year-on-year decline. The deceleration comes amid a slowdown in China’s economy and has pinched performance at …

October 12, 2018
RBS pays first dividend in 10 years

RBS pays first dividend in 10 years

Image copyright Getty Images Royal Bank of Scotland has paid its first dividend to shareholders since the bank was brought to the brink of collapse in the 2008 financial crisis. The bank – which is still 62% government-owned – has paid a 2p dividend to investors, which include about 190,000 private shareholders. RBS chief executive …

October 12, 2018
US bank gains help lift share markets

US bank gains help lift share markets

Image copyright Getty Images Three of the biggest US banks reported strong profits on Friday, helping to lift US share markets. The gains at JP Morgan Chase, Citigroup and Wells Fargo came despite concerns about rising interest rates and the impact of trade tariffs on business expenses and global growth. JP Morgan Chase boss, Jamie …

October 12, 2018
Rescue plan for Patisserie Valerie

Rescue plan for Patisserie Valerie

Image copyright Getty Images Patisserie Valerie has been saved from collapse after entrepreneur Luke Johnson, who owns 37% of the company, offered up to £20m in loans to the struggling chain. Mr Johnson has offered £10m in a three-year loan to owners Patisserie Holdings plc, which the company said would provide “immediate liquidity”. He has …

October 12, 2018
Sports Direct buys iconic Glasgow Frasers building

Sports Direct buys iconic Glasgow Frasers building

Image copyright Colin McLatchie Image caption The listed building on Buchanan Street extends over several floors Sports Direct plans to buy the House of Fraser building in Glasgow in a £95m deal. The firm has promised to turn the luxury department store into the “Harrods of the North”, safeguarding 800 jobs. The store, which is …

October 12, 2018
Regis hairdressing group seeks rescue

Regis hairdressing group seeks rescue

Image copyright Regis hair salons Regis UK, the firm behind hairdressing chains Regis and Supercuts, is seeking a rescue deal in order to stay afloat. The firm is looking to slash its rents through a company voluntary arrangement (CVA) as it struggles with lower footfall, the apprenticeship levy and higher pension costs. The firm employs …

October 12, 2018
Hamley’s reports toughest year since 1760

Hamley’s reports toughest year since 1760

Image copyright Ben Pruchnie/Getty Images Profits at toy store Hamley’s plunged more than 600% with the the firm blaming factors such as Brexit and the threat of terrorism for the drop. The firm made a £9.2m loss for the year to 31 December, having made a £1.7m profit the previous year. Hamley’s, the world’s oldest …

October 12, 2018
Pub industry in plea over Budget tax rise

Pub industry in plea over Budget tax rise

Image copyright Getty Images Thousands of pubs face closure if the chancellor presses ahead with a rise in beer duty in this month’s Budget, the industry has warned. Britain’s Beer Alliance, made up of individual publicans and brewers, is urging drinkers to contact their MP. A report estimates 6,000 pubs could go over the next …

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